What to do when you didn’t do what you should have done

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As property prices increase and the market gets more complex I often think of those who have attended the speeches, read the books and done the networking but still not bought anything.

This week I have received about 10 emails form people thanking me for inspiring them through my DVD or events to get started and they are getting great results. But I also get about ten emails from people who attended the same Academy as I did or who have been “new” investors for 3 years and will “soon” start.

I really feel sad for the latter group as it is so much harder to fund our investing now than it was even 12 months ago.
Yields are on a permanently reducing trend and interest rates are high. That doesn’t mean they shouldn’t start now but why didn’t they start earlier??

What would have funded the gearing on 5 properties now might do 1 or 2.

Hindsight is a wonderful thing in PI but somewhat useless if one is unable to look at the history of another and learn from it. In theory anybody who looked at a long term residential investor and researched the value increases of property would run out and start buying. After all when you do the math it’s a no brainer. Yet many of us don’t.

I mention this to you because I am starting to realise the value of history more and more and using my research of it to keep moving forward. I regularly get asked how I stay on the so called “cutting edge” of PI. I don’t know that I really do, however what I do try and do is find genuine provable trends, (past and present), and strategies in markets ahead of ours.

As I research our economy globally it is fascinating to watch patterns unfold that are both obvious and repeating. New Zealand PI consistently follows certain other countries, and if we apply the strategies of those other countries we will always be at the cutting edge of New Zealand PI.

For example I started talking about funding negatively geared properties about a year ago and put my gearing calculator on my site and started teaching people to understand how to hold property instead of hunting for pos cashflow. A few months later I attended a Michael Yardney seminar and discovered that “MY” new great idea was something he had been teaching people to do for years. Why? Because if you look at Australia you are watching the FUTURE of New Zealand. Their yields are lower, their market similar but harder.

I’m going there next week to learn more about how to invest in New Zealand.

So please don’t sit out another 1, 2 or 5 years waiting for some magic system to beat the odds, get educated, deal with your fear and start building your future wealth by buying a property. Do it today, tomorrow it will only be dearer and harder